Mediware buys California company
Kansas City Business Journal
Mediware Information Systems Inc. has bought the assets of Hann’s On Software, a pharmacy-management software provider based in Santa Rosa, Calif., for $3.5 million in cash and an unspecified additional earn-out opportunity based on operational performance.
Mediware spokesman John Van Blaricum said Friday that the transaction closed on Thursday. Hann’s On Software had 12 employees, 11 of whom transferred to Lenexa-based Mediware (Nasdaq: MEDW), he said. The acquired business will continue to operate from its Santa Rosa office.
“HOS is a very well-run business, and this accretive transaction is a good example of how we can strategically use Mediware’s cash resources to expand our ability to deliver patient safety solutions,” Mediware CEO Kelly Mann said in the release.
Hann’s On Software has been in business for more than 20 years and has more than 300 facilities using its Ascend products to manage pharmacy operations, Mediware said in the release. Most of these customers are community hospitals with fewer than 150 beds, outpatient clinics or alternate-site infusion service providers.
Mediware makes software to manage blood and medication.
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